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Mastercard Gold

Mastercard Gold

  • An interest-free credit limit for up to 45 days or a credit line for the gradual repayment of the borrowing
  • Travel insurance to provide a sense of security under unexpected circumstances
  • A convenient type of borrowing, available at any time

The prestigious Mastercard Gold credit card will enable you to use a special service at all times as well as the credit limit of up to 200% of your monthly income. The owners of the Gold card can benefit from the priority queuing at all the branches of SEB bank, the services of a personal financial advisor, as well as from favourable terms for banking services.

Borrow deliberately, assessing your capacity to repay the loan.

Available funds

  • With the credit card, you have access to your own money as well as the credit granted by the bank
  • All card transactions are reported on the credit card statement
  • Your own money is accounted separately from the credit limit – in the credit card current account
  • All transactions with your own money are reported on the account statement

Repayment of the credit limit

  • You can choose how to repay the credit limit – as the interest-free credit limit or the line of credit
  • The used credit limit is automatically repaid from the current account, linked to your credit card on the 15th day of the month or other date (5th to 15th), chosen by you. It is the date, when you need to have sufficient amount of the money on account to cover your credit limit and interests.
  • You can make repayment of the credit limit on your own via internet bank selecting the relevant credit card and the step “repay” in a section Loans/Leasing – My loans - Loan agreements or in a section Accounts/Cards - Card credit limit. This additional step is required to use the money from the credit card account for covering of the credit limit, including in cases when the money has been deposited at an ATM.

Transfers from the credit limit assigned by the bank

If your own funds are not sufficient to make an urgent transfer, your can make a transfer from the credit limit to the account. Using Internet bank section Accounts/Cards->my Cards-> Transfers. The money will be credited to the account from the credit limit, and you will be able to transfer the necessary amount from the account. While such a transfer from the credit limit to the account is made within SEB bank, credit funds are used for it, therefore this is a chargeable service.

Permitted transactions and limits

You have an option set the permitted transactions and limits for each card.

For your convenience, we offer you to tie up, at your discretion, an interest-free credit limit or a credit line to your credit card.

You may use the interest-free credit limit free of charge for up to 45 days – pay back the used credit limit by the 14th day of the next month, with no interest being charged.

An example of the interest-free credit limit repayment:

ilustration of the interest-free credit limit repayment

In case of a credit line you can repay the used credit gradually, by the 14th day of the following month, by paying only 5% of the credit limit used in the previous month to the bank. The bank will charge interest for the use of the credit line automatically and deduct it at the end of each calendar month.

The amount of the credit limit – from 50 EUR up to 100% of your monthly net income.

An example of the credit line repayment:

ilustration of the credit line repayment

The amount of the credit limit – from 50 EUR up to 200% of your monthly net income.

 

Card transaction limits for your financial security

For added security of the funds in your account, the bank has set transaction limits, i.e., the maximum amount that you may withdraw from ATMs within 24 hours. The limit for cash withdrawals set by the bank for Mastercard Gold credit card is EUR 3,000. You can change it, if necessary.

The limit for POS and online transactions set by the bank is EUR 15,000 within 24 hours.

Practical tips for secure transactions with your card

  • Keep your payment card in a safe place;
  • Do not disclose the PIN of your card, nor keep it written on a piece of paper together with your card or in your cell phone. When confirming your transactions with the PIN, make sure that nobody can see it;
  • The card may be used only by the person whose name and signature is shown on the card;
  • Before confirming a transaction with the PIN, always check the amount of the transaction;
  • Keep transaction receipts for reconciling them with the transaction report in the internet bank;
  • Only use the services of safe online shops and service providers;
  • If you enter the wrong PIN three times consecutively when making a purchase, it will be automatically locked for security reasons. You will be able to unlock the PIN of the card in any SEB ATM, by entering the correct PIN.

What needs to be done when you have lost your payment card?

  • To block your payment card, please call the SEB bank immediately (a 24-hour line + 371 26668777);
  • If you find your card after reporting the loss or theft thereof, please do not use the card and contact SEB bank.

If you already are the customer of SEB bank, you can apply for the credit card via the internet bank. If you are not the customer of SEB bank yet, you can apply for the credit card at any branch of SEB bank, taking along your passport or ID card.

You will be able to receive the credit card at the branch within 5 business days. For your convenience you can opt to receive the renewed cards by mail.

Price list

Services I Interest-free credit limit II Credit line III Fixed payment1
Fee for preparing a card/additional card 3.60 EUR
Fee for use of the card/additional card (per month)2 3.60 EUR
Replacing a card/additional card 43.00 EUR
Commission for purchase:
   •  in Latvia Free of charge
   •  abroad Free of charge
Change of the card transaction limit3 10.00 EUR
Cash withdrawal in another bank 1,5%, min 3.56 EUR
Cash withdrawal at ATMs of:
   •  SEB bank 1,5%, min 0.71 EUR
   •  SEB group (Estonia, Lithuania) 1,5%, min 0.71 EUR
   •  in Latvia: Swedbank 1,5%, min 0.71 EUR
   •  other banks 1,5%, min 3.56 EUR
Cash withdrawal at business operators' outlets4 1,5%, min 0.71 EUR
Cash deposit at SEB bank’s ATM:
   •  up to 6,000 EUR within one calendar month for all customer's accounts Free of charge
   •  upon exceeding monthly credits of 6,000 EUR for all customer's accounts 0,1% of transaction amount
Changes in the credit card agreement (submitted to the branch) 10.00 EUR
Changes in the credit card agreement (submitted in internet bank)5 Free of charge
Consideration of a credit limit increase application6 10.00 EUR
Fee for the used credit limit (per year) 0% 21% (1,75% per month) 24% (2% per month)
Monthly repayment amount 100% 5% Fixed in compliance with the agreement
Late payment interest (per year) 36% (3% per month)
Contractual penalty (per year) 36% (3% per month)

Others charges and terms related to VISA Gold and Mastercard Gold

Transfer from a credit limit 1,5%, min 0.71 EUR
Reviewing a complaint7, 8 Free of charge
Change of PIN code in SEB bank’s ATMs Free of charge
Fee for unblocking PIN code of a card in SEB bank’s ATMs, if the PIN has been entered incorrectly for 3 consecutive times while using POS terminal Free of charge
Consideration of a loan application Free of charge
Checking the account balance through ATMs of:
   •  SEB bank Free of charge
   •  other banks in Latvia 0.45 EUR
   •  other banks abroad 1.00 EUR
Fee for urgent card issue9 30.00 EUR
Surcharge on currency exchange when the currency of the card’s main account is not that of the transaction currency10 3%
Calculation period 1 month
Payment period 14 days (starting from the 1st date of the month)

 

For other services (current account maintenance, transactions in the account, processing of the customer’s documents etc.) which SEB bank provides to customers in relation to payment card servicing, the customer pays in accordance with SEB bank’s General Price list for individuals.

The limit of transactions within one calendar month includes purchased and cash withdrawal transactions of 15,000 EUR.

Total cash deposit limit in ATMs with all customer’s cards is 15,000 EUR per month.

A maximum of 200 banknotes can be deposited in an ATM in a single deposit transaction.

 


 

1 From December 2017 new cards with a fixed payment refund scheme are not offered.

2 Charged starting from the second month of using the card/additional card.

3 Includes changes in POS, ATM and monthly spending limits above the standard maximum limit set by Bank.

4 Not available for Mastercard Gold.

5 Except increase of the credit limit.

6 The fee is also applicable in cases when the credit limit is not granted.

7 If processing of the complaint involves obtaining documentary proof of transactions, then a fee will be charged to the amount of the actual cost of the service.

8 Application shall be deemed received by us:
    •  on the current working day if the application is submitted and received before 16:00;
    •  on the next working day if the application is submitted after 16:00.

   In case working day is shortened according to the law, the above deadline shall be one hour prior to end of the shortened working day.

9 The card can be received at SEB bank’s branch "Dienvidu" at 16:00 of the same business day, if application has been submitted by 12:00, and at 16:00 of the next business day, if application has been submitted after 12:00.

10 Information about exchange rates is available on the home page of International card organizations

https://www.mastercard.com/global/currencyconversion/index.html and
https://www.visaeurope.com/making-payments/exchange-rates.

 

Credit limit repayment

Credit card limit for previous month is automatically repaid on 15th date of the month.

Find out your possibilities in internetbank:

  • get to know repayment amount
  • change repayment date
  • make an early repayment

Find out more

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